Chief Financial Officer (CFO)

Job Description

Title: Chief Financial Officer (CFO)

Company Name: Central Insurance Company Ltd.

Vacancy: 1

Age: Na

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience: --

Published: 2026-07-19

Application Deadline: 2026-08-18

Education:

Requirements: --

Skills Required:

Additional Requirements:

Responsibilities & Context:

1. Strategic Financial Leadership

• Develop and implement the company's financial strategy aligned with business objectives of a non-life insurance Company.

• Advise the CEO and Board on financial planning, profitability, capital allocation, and business growth.

• Support strategic initiatives, mergers, acquisitions, and expansion plans.

2. Financial Planning & Budgeting

• Lead the annual budgeting and business planning process.

• Monitor budget performance and recommend corrective actions.

• Prepare financial forecasts and long-term financial projections.

• Branch profit monitoring and branch performance Analysis with profit and given marketing target.

3. Financial Reporting

• Ensure accurate and timely preparation of:

  • Monthly management accounts.

  • Quarterly financial reports and submit the same to IDRA, DSE, CSE and other if any.

  • Annual financial statements.

• Ensure compliance with applicable accounting standards and regulatory requirements.

• Present financial performance reports to senior management and the Board.

4. Accounting & Financial Control

• Oversee the accounting function and maintain effective internal financial controls.

• Ensure accurate recording of all financial transactions.

• Develop and enforce financial policies and procedures.

5. Insurance Finance Management

• Monitor premium income, claims costs, underwriting expenses, and operating expenses.

• Analyze underwriting profitability and combined ratio.

• Support pricing and product profitability analysis in collaboration with the underwriting department.

6. Investment & Treasury Management

• Manage cash flow, liquidity, and working capital.

• Oversee investment portfolios in accordance with regulatory guidelines and Board-approved investment policy.

• Optimize investment returns while maintaining adequate liquidity.

7. Regulatory Compliance

• Ensure compliance with insurance regulations, tax laws, and corporate governance requirements.

• Coordinate submission of statutory financial reports to regulators.

• Maintain compliance with solvency and capital adequacy requirements.

8. Tax Management

• Oversee corporate income tax, VAT, withholding tax, and other statutory obligations.

• Ensure timely filing of tax returns and compliance with tax regulations.

• Manage tax planning and optimize tax efficiency.

9. Risk Management

• Identify and monitor financial risks.

• Develop strategies to manage liquidity, credit, market, and operational risks.

• Support enterprise risk management initiatives.

10. Audit Coordination

• Coordinate internal and external audits.

• Implement audit recommendations.

• Liaise with auditors, regulators, and other stakeholders.

11. Team Leadership

• Lead the Finance & Accounts Department.

• Develop and mentor finance personnel.

• Conduct performance evaluations and succession planning.

12. Stakeholder Management

• Maintain relationships with banks, auditors, regulators, investors, and reinsurers (where financial matters are involved).

• Support communication with shareholders and the Board.

• Provident fund,Mobile bill,Weekly 2 holidays,Gratuity,Insurance
• Festival Bonus: 2